Validating a federal tax id number
The I-9 states the company's name, address and EIN information, which are all provided by the payee.
Erroneous EIN numbers result from one of two things: accidental number transposition or intentional entry of fraudulent information.
If all necessary steps are taken, your preparation is likely to make it easier on you when it is time to do taxes. It is also known as a Tax Identification Number or Federal Taxpayer Identification Number.A TIN may be assigned by the Social Security Administration or by the Internal Revenue Service (IRS).It can be used to verify the IRS EIN of organizations that are eligible to receive tax-deductible donations.It can also be used to verify the tax-exempt status of an organization.